Mediobanca Analysts Revise Salvatore Ferragamo Estimates

Mediobanca analysts have revised their estimates for Salvatore Ferragamo, lowering the growth forecast for the direct-to-consumer channel in Q4 2026 from 5% to approximately 1%. They also cut the 2026 EBIT estimate by 11%, projecting it to fall below 30 million euros, while adopting a more cautious revenue outlook for the upcoming year. Despite these revisions, Mediobanca maintained a 'neutral' rating on the stock and set a new target price of 8.60 euros.